Member Info for dai2belts

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88e,
looked to gap up on open, equiv, from 0.49p to 0.57p, before reaching 0.60p
So MM taking a big commission on the bell unless pre-market trading :(

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88e, Might be a chance for a quick gain if not gapped up on open...
ASX up, 22% equiv 0.6p volume already +100m, 48 minutes trading

found an extra reservoir Upper SFS plus original SFS 99 ft thicker,,,
Resource upgrade before low testing maybe ??

https://www.asx.com.au/asxpdf/20230403/pdf/45n943qq9vhpfm.pdf

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that kurisdh pipe-line accounts for 0.5% world supply...
To big to keep halted
https://www.aljazeera.com/news/2023/4/2/iraq-krg-reach-deal-to-resume-oil-exports-kurdish-official

keep meaning to look at eaas, its in my pin ups but just a fog in my mind, nothing, .. too many companies

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@KevR slept like a baby, luckily I switch off sleep time, sometimes too much and forget I need to be up for news, or peak get out prices...........
Was grouchy yesterday, fine today so not sure if Saturday was over tired or subconscious nerves burnt out by today..
Its going to be flow tested, SMD indications of hydrocarbons already, and PANR had a blockage when they tried, so its go to be done.....

PANR cowboys
https://s22657.pcdn.co/wp-content/uploads/2023/02/raquel-welch-1200x754.jpg.optimal.jpg

Shared, overlapping resources, must be some regulation saying they share production.......

The ASX Market Announcements Office currently processes market announcements between 7:30am and 7:30pm (8:30pm during daylight saving). Announcements received after that time or on a non-trading day are queued for review and release on the morning of the next trading day.

looks like they have started

At the moment its about progressing each stage of testing,
Finally whether flow testing will be recommended..

SMD update indicated Hydrocarbons
SFS , and BFF, previously flowed oil for PANR...

@Dobbyy, I think DM mentioned finished for production to save on drilling another..

@Josh you dont know those guys on Telegram...subtle persuasion through suggestion...

One share recently, a raise was due.
Those who believe that are likely hold off buying., as we seen here..

This other share, regular comments saying no raise was necessary started appearing, price rose 40% before the raise was announced..
Now, I believe in magic beans so missed selling at the high,
So the dumb money bought, while others held...
enough persuaded to push the price up 40% ?

@Skittish, that second fundraise was probably planned from the offset,
£10m, just £3m was assigned to 3/4 wells, newly drilled appraisal wells too,..not reworks
We are now looking at £7m, to drill and appraise 1 well,

Appraisal well drilling: £2.4 million
· Enhanced well completion: £0.5 million
· 3D seismic programme: £3.8 million
· Feasibility Studies and licence fees: £1.2 million
· Additional operational contingencies, working capital and expenses: £2.1 million

With a veteran of exploration drilling, and the experience of the whole team it really is questionable to be so far out..
DM taking over as CEO, allowing the previous to move into the background when the ball started rolling..
Maybe if DM was more experienced he would'nt have taken that CEO roll...

@Skittish, If its $1.8m per 6 months admin,
How did they come up with $5m, to get them through the time and costs to drill 3 exploration wells, inflation?

I never believed in spoofing, until recently, but seeing a few shares with frequent cancelled orders recently..
When trades are way too big for the liquidity of a stock, and have little chance of being filled, why does the broker accept them..?
A very big sell order is likely to encourage buyers to hold off, and those considering selling to sell quicker.

When they seem to enforce a trend, placed on the lowest or highest prices of the day, only to be cancelled...

A cancelled order for few million, while you could'nt get a quote for say few 100k shares the same day..????

Mmmmmm. $1.8m for 6 months admin, snack machine must have dispensed real money, not chocolate coins .
scandalous

@Noba, here is a ramp for you

23rd March
"So far we haven't seen a big move higher - but there is another ~3-5 days of drilling to go and ~5-7 days of wireline logging after that, where anything could happen.
We note that the big ~1,000% move during the Merlin-1 well back in 2021 happened just before wireline logging started."

https://nextinvestors.com/articles/potential-hydrocarbon-pay-more-results-expected-in-next-2-weeks/

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Next Investor 23rd March....

"So far we haven't seen a big move higher - but there is another ~3-5 days of drilling to go and ~5-7 days of wireline logging after that, where anything could happen."

"We note that the big ~1,000% move during the Merlin-1 well back in 2021 happened just before wireline logging started."

https://nextinvestors.com/articles/potential-hydrocarbon-pay-more-results-expected-in-next-2-weeks/

test 3

test 2

test

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PANR, Bopd seemed low on KUP, SFS, & BFF but...

Thu, 24th Mar 2022 07:00, Update Theta West BFF
"high quality, light 35.5-38.5 degree API gravity oil at rates that averaged over 57 barrels of oil per day

" likely exceeds, its predrill resource estimates of 1.2 billion barrels of oil (recoverable)....

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So good chances of 88e, finishing this drill with SMD, BFF, and SFS all recommended for flow testing next season.
Two companies, flowing oil belonging to the same formations, could be some legislation suggesting production sharing..

test